4 Coins to Watch this Altcoin Season
As altcoin season approaches, picking an altcoin to invest in can be a tricky thing. And for investors, knowing which coin will be on the rise next is imperative.
First, altcoins are cryptocurrencies that aren't Bitcoin; after the release of Bitcoin in 2009, all other coins were released, and they were called altcoins. Over time as Bitcoin grew in value and popularity, so did altcoin. And in today's world, altcoins have lots of investment models, one of which is altcoin season.
As the usage of altcoin increases and becomes dominant in the market, investors are more than ever keenly interested in the altcoin season—a period where these coins could reach a record high. As of 2021, many coins reached record highs, and 2022 is no exception. That's all the more reason people are very interested in this season - altcoin season - and investors, enthusiastic alike, eye the season.
Altcoin Season is Here
The price of Bitcoin is cyclical, and it only halves once every four years. As the price of Bitcoin went up and after its halving event, the altcoin season officially began. Now investors know altcoins with small market caps are about to go up, and they are keen on new investment opportunities.
So if you're thinking of the right altcoin to invest in this period, here are a few basic ones you could invest in:
Ethereum is the essential altcoin. If you don't own Ethereum, you need to buy, and if you own, you could broaden your investment by buying more if you can. Some bullish news like a move to PoS, a possible upgrade to Ethereum 2.0, means the coin will see a significant rise in coming times.
Shiba Inu SHIB
SHIB is another good coin to buy in 2022, and the main reason is; that the meme coin buzz made coins like SHIB see massive growth. When it was introduced in October 2021, it saw a 1000% growth within a month. Considering this trend, SHIB is another coin to see massive growth as we move through 2022. More so, with the launch of ShibaSwap - a new decentralized exchange - the currency is still very much expected to grow.
MANA - Decentraland
The buzz around metaverse has got people interested in crypto more than ever. Decentraland is at the forefront of metaverse development. Decentraland is a game consisting of a digital virtual world, where users can buy in-game items, like land, to develop with and characters. Items in the game are in the form of NFTs. As the metaverse expands, with major tech companies like Meta and Microsoft leading development, coins used in the metaverse garner more interest. And MANA is no exception. Decentraland, a major metaverse game with coin MANA, will see much interest in 2022 even in the coming years.
Lucky Block is changing the lottery industry one step at a time for the better. BLOCK is used to invent the way lotteries are being played by reducing draw times, improving transparency, and increasing the chance of winning. With these innovations, the coins have garnered interest not just in the lottery industry but also publicly. And the way the currency is built is that the supply reduces over time, and this makes the prices go up. So buying this altcoin now can be beneficial as its value is expected to rise.
Altcoins are expected to see a massive rise in the coming weeks; that's guaranteed. Buying one of these altcoins listed above will be an ample investment opportunity.
Author: Gerry Enoma
Gerry Enoma writes articles about crypto, blockchain finance, technology, and video games. His articles have been read by millions of readers on the internet. Having written for sites like Lifehack.org, Brightside.me, etc. Aside from being a writer, he's also a game designer.